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Streeting warns Britons against having cheap cosmetic surgery abroad
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Wes Streeting speaks out after deaths in Turkey among women travelling for
procedures such as butt lifts
Britons should resist the temptation to have cos...
52 minutes ago
1 comment:
IN THE DARKNESS, STILL .... NOT OUT OF THE WOODS AS YET ; THE EXTREMELY BIG ISSUE is not a NEW ISSUE : ....
The problem with debt is you don't need an actual recession to cause trouble for companies, just the fear of one. Spooked lenders can hike rates on new loans needed to pay off old ones, or cut companies off completely.
For companies issuing those risky junk-rated bonds, that day has already arrived.
A maker of private planes in Kansas saw rates on its bonds jump 40 percent in just a month. And on Wednesday, a shipping company in Florida filed for bankruptcy because it was unable to borrow to pay off old loans.
"They thought, 'We survived that one and we won't have another for 10 years,'" says Martin Fridson, global chief credit strategist at BNP Paribas Investment Partners, speaking of the Great Recession. "But the economy is not out of the woods yet."
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